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George
George is 53 years old. He lives in a small village of Lanchkhuti District with his family: wife – Gulsunda, 28 years old son, daughter in law, 3 years old granddaughter and father (retired). George’s son and daughter in law are employees of a local private company. George leads the agricultural business of the family, which is the main source of the income for them. He grows maize on family owned 0.6 hectare land and tangerine of 0.1 hectare. George sells harvested products locally to greengrocery products retailers. Along with the abovementioned George runs a small bee-keeping business. He has 3 bee-hives with bees. George harvest honey twice a year. He sells on average 50 liters of honey per month. Total average monthly income of the family is 650 Laris, including pension of George’s father.

George requested credit for purchasing wooden materials for construction of additional 6 bee-hives. He will put bee-families in new bee-hives. He will harvest and sell 120% more honey per year. It will increase the income of the family and they will be able to improve their living conditions.

Additional Information

About LLC Micro Finance Organization Credo

LLC Credo (Credo) is a microfinance organization in Georgia that provides sustainable credit services to alleviate poverty in rural areas, including business loans, agriculture loans, household loans, crop insurance and more. Kiva lenders’ funds are used to help the organization expand its outreach to even more entrepreneurs, farmers and households in remote areas.

About Georgia

  • $4,600
    Average annual income
  • 98
    View loans »
    Georgia Loans Fundraising
  • $7,365,125
    Funds lent in using Kiva
  • 1.6
    Georgia Lari (GEL) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped George to purchase wooden materials for production of new bee-hives.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012